The ONDO price has lately retraced to a key support zone within an ascending channel.

This setup, paired with a healthy pullback, has prompted renewed calls to “buy the dip.”

The price of ONDO, a token aiming to revolutionize the food industry, has recently pulled back to a key support zone within an ascending channel.

This setup, plus a healthy pullback, has prompted renewed calls to “buy the dip.”

One trader noted that the token is now positioning itself within an accumulation zone, which could be setting up another large move up.

ONDO Could Be Setting Up Another Big Move Up

Chart analysis shows that ONDO has been trading inside an ascending channel, bouncing between the channel’s lower support and upper resistance. This upward-sloping structure has helped to maintain a bullish bias in recent weeks.

Market watcher Alex Clay pointed out that ONDO is currently sitting near the lower boundary of this channel. According to him, this positioning marks a potential accumulation zone.

This setup is also consistent with a bullish fractal that previously led to a sustained rally.

#ONDO Buy The Dip🔥

1 – We are accumulating at the bottom of Massive Ascending Channel

2 – $ONDO is following the Bullish Fractal from previous year

These 2 reasons are more than enough to pump straight up to the ... https://t.co/43YvR7Z8u8

— Alex Clay (@cryptclay) June 11, 2025

The fractal described outlines four key stages: a downtrend, a swing low, a higher low, and a rally.

ONDO has followed this same pattern before during earlier price expansions. The current chart aligns with these phases, showing signs that history could be repeating.

Analysts believe this structure reinforces the idea of a bullish continuation. The higher low, in particular, points to buyers stepping in earlier than before, showing growing market confidence. This pattern often leads to a breakout toward the upper boundary of the channel.

After Sharp Rise, Healthy Pullback Seen

Following a sharp rise, ONDO saw a moderate pullback to around $0.84. CryptoED noted that this correction appears “healthy,” especially when compared to similar setups in the past. He recalled a nearly identical structure forming before ONDO’s previous rise to $2.

Picking up more $ONDO around $0.84 — this pullback looks healthy after that big move up.

Feels like $ONDO is having the same setup we saw before the run to $2.

Next leg up loading… Target: $3. pic.twitter.com/ZPAhOssveW

— CryptoED (@Crypto_ED7) June 12, 2025

At press time, ONDO trades at $0.845, according to CoinGecko. Over the past 24 hours, the token dipped by 5.31 percent but remains up 2.53 percent over the last week. It has been moving within a range of $0.7704 to $0.9161.

With support from both the ascending channel and the bullish fractal, analysts suggest the ONDO price could target higher levels soon. Alex Clay expects a move toward the top of the channel. Meanwhile, CryptoED sees a potential rise toward the $3 mark if momentum builds.

Historical patterns and structural support continue to shape the outlooks for the token. Traders should remain alert for confirmation of the next breakout move.